Hubtel Limited, one of Ghana’s leading financial technology (fintech) companies, said it has no connection with Hubtel Mobile Money Lending, an illegal entity being investigated by the Crime Bureau economic and organized (EOCO).
In a statement dated February 24, 2022, EOCO said it identified two online investment schemes operating through WhatsApp groups and illegally providing services to the general public that they were not authorized to provide.
According to EOCO, one of the two illegal schemes is run by an unlicensed entity called Hubtel Mobile Money Lending.
Corn Hubtel Limitedwhich is a highly respected company in Ghana, said in a statement “we would like to let our valued customers, customers, partners and the general public know that Hubtel Limited has no affiliation, connection or business relationship with the HUBTEL MOBILE MONEY LENDING, nor the other entity being investigated and deemed illegal by EOCO.”
The statement said Hubtel Limited is registered with the Registrar General’s Department and has the approval of the Bank of Ghana to provide enhanced payment services to the general public through its mobile application, Hubtel and its website www.hubtel.com.
“Hubtel would like to thank its customers, customers and partners in Accra, Tema, Kumasi, Cape Coast and Takoradi, and across the country for the sponsorship and support over the years and looks forward to continuing to innovate in order to provide you with cutting-edge information technology solutions that make life easier for business transactions,” the statement added.